"Network monitoring has shown that many iPad devices are causing a problem on the campus network ... Until a fix is provided by Apple, OIT recommends not connecting your iPad device to the campus network as it is likely it will malfunction," says a statement on Princeton's website.

Another issue - there are almost no textbooks available as e-books as of yet, so ditching those heavy books is not yet a possibility.

So for the college student, paying $499 for an iPad when you'll probably still need a desktop or laptop computer is questionable. Still, Apple says it sold 300,000 iPads on its first day of sales, including preorders. It seems many are betting the iPad will eventually live up to its hype as a "magical and revolutionary product."